Martha's Vineyard Real Estate Market Analysis by Town

3rd Quarter 2008 Summary

West Tisbury:

7 residential properties sold in the 3rd quarter of 2008

The median price was $662,500

The median days on the market was 159

Vineyard Haven:

13 residential properties sold in the 3rd quarter of 2008

The median price was $575,000

The median days on the market was 167

Oak Bluffs:

16 residential properties sold in the 3rd quarter of 2008

The median price was $431,400

The median days on the market was 169

Edgartown:

28 residential properties sold in the 3rd quarter of 2008

The median price was $614,500

The median days on the market was 147

Chilmark:

4 residential properties sold in the 3rd quarter of 2008

The median price was $1,832,750

The median days on the market was 368

Aquinnah:

1 residential property sold in the 3rd quarter of 2008

The median price was $2,186,000

The median days on the market was 269

Sales Analysis and Market Tips:

If you have all of the time in the world to sell, you can wait to get the price you want. If time is a factor, pricing has to be more negotiable, especially considering the stiff competition. This makes it even more important for sellers to prepare their property for sale by “dressing it up” and “pricing it right”. If you are considering selling your property, please contact us for strategies to beat the competition. We will prepare a complete market value analysis and make suggestions so you can state your home for a quicker sale.

Click here for a free competitive market analysis of your property.

If you are looking to invest in Martha’s Vineyard real estate, now is a good time. With the number of properties on the market, you have a wide variety to choose from. You may also find that many sellers are more negotiable than they have been in the past, especially if they need to sell in a quick time frame. The qualified REALTORS®at RE/MAX on island can provide you with valuable insight into the buying process.

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	RE/MAX On Island® Fine Homes & Properties 508.696.3704/866.477.3629 FAX # 508.858.5321 79 Beach Road, Vineyard Haven, MA Mailing Address: PO Box 4509, Vineyard Haven, MA 02568 Martha's Vineyard
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